Bahrain Revenues to Rise by 1.8% as VAT Increases to 10%: Moody's
Moody's Agency predicts that Bahrain will be able to increase the Value Added Tax from 5% to 10% at the beginning of next January, to increase state revenues by about 1.8% of GDP.
Fitch: Gulf Support to Bahrain May Be through Allowing it Larger Share of Abu Safa'a Oil Field
Fitch Rating said in a statement reported by Reuters that the financial support for Bahrain, being prepared by the GCC, will ease near-term external financing pressures, but a more durable improvement in Bahrain's financial position will depend both on the scale and nature of GCC support and on Bahrain's ability to implement fiscal reform.
Fitch Downgrades Mumtalakat and NOGA Ratings
Fitch Ratings has downgraded Bahrain Mumtalakat Holding Company's (Mumtalakat) Long-Term Issuer Default Ratings (IDR) to 'BB-' from 'BB+' and maintained it on Rating Watch Negative (RWN).
Fitch Expects Cutting Ties with Qatar Would Affect Bahrain’s Growth
Fitch Ratings expected a limited direct impact on Bahrain’s economy as a result of cutting ties with Qatar.
Fitch: Bahrain Positive Rating Requires Broadly Accepted Political Solution
Bahrain Mirror: Fitch Ratings has revised Bahrain Mumtalakat Holding Company's (Mumtalakat) Outlook to Negative from Stable and affirmed the Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'.